Verdens største bistandsaktør udlover mellem 81 og 97 milliarder kroner på kun tre år til stormagten i Sydasien, som i forvejen får mest af alle fra banken i Washington D.C. – skal sætte skub i den økonomiske vækst via investeringer over et bredt felt.
NEW DELHI, July 23, 2014 (World Bank): The World Bank Group will bring increased financial and knowledge resources to help India return to the path of sustained high growth needed to bring prosperity to millions, especially the poor living in the lower income states.
World Bank Group President Jim Yong Kim made this renewed commitment during his first meeting with Prime Minister Narendra Modi Wednesday.
The World Bank Group will be ready to provide financial support worth 15-18 billion US dollar (81 til godt 97 milliarder DKR) over the next three years.”
Infrastruktur, jobs og uddannelse
President Kim is on a three-day visit to India to learn more about the new government’s development priorities.
India is the largest client for the World Bank Group, which committed a total of 6.4 billion dollar to the country during its last fiscal year (July 2013 to June 2014).
Discussions with the Prime Minister and other officials focused on the government’s plans to re-ignite growth by
* investing in infrastructure to create jobs;
* providing quality education and skills training to eight million young people who enter the labor force each year; and
* better equipping the ten million people who leave rural areas for towns and cities each year for jobs.
“The government is committed to introducing key reforms, which are critical to India achieving its full economic potential,” said Kim, adding:
“They have identified infrastructure development and job-oriented skill development as the deep drivers of growth.The World Bank Group is ready to support these development initiatives with financing, as well as knowledge and capacity building, that is informed by global experience.”
Opgaven: At løfte 270 millioner ud af fattigdom
Recognizing that India still needs to lift around 270 million people out of poverty, International Development Association (IDA) donors have agreed to provide 3.4 billion dollar over the next three years as transitional support (IDA er bankens vindue for rentefrie lån, red.).
The International Bank for Reconstruction & Development (IBRD = Verdensbanken) has recently increased the single borrower limit for India to 20 billion dollar from 17.5 billion.
This, along with the Government of India’s agreement to purchase Special Private Placement Bonds (SPPBs) of up to 4.3 billion dollar, will create additional opportunities for continued assistance to India as it strives to revive growth.
In addition, the World Banks private sector arm, the International Finance Corporation (IFC) has mobilized its one billion dollar offshore rupee bond program, aimed at strengthening India’s capital markets and attracting foreign investments.
Vil satse på de fattige delstater
The World Bank Group’s Country Partnership Strategy (2013-17) focuses on three areas key to India’s goal of faster, sustainable and more inclusive growth:
* economic integration,
* rural-urban transformation, and
* inclusion.
Increasingly, The World Bank Group focus is on engagement in India’s low-income states, where income per capita is low, poverty is widespread, and development indicators are comparable to those in the least-developed countries in the world.
Læs videre på
http://www.worldbank.org/en/news/press-release/2014/07/23/world-bank-group-ready-to-provide-financial-support-worth-15-18-billion-usd-over-the-next-three-years
Begynd fra: “President Kim returned from Chennai last evening after a field visit to the Bank-supported Tamil Nadu Empowerment and….”
